ExxonMobil

Oil Giants Win Key Arbitration Decisions in Kashagan Oil Field Dispute

3 months ago

In a recent turning point for major oil companies involved in Kazakhstan’s supergiant Kashagan oil field, favorable arbitration rulings have been passed down, reinforcing the interests of the investors in the ongoing dispute with the Kazakh government. This crucial development underscores the ongoing tensions between oil companies looking to maximize profits and governments seeking to assert control over their valuable natural resources.

ExxonMobil Surpasses Earnings Expectations Amidst Declining Oil Prices

4 months ago

In a remarkable financial performance, ExxonMobil reported earnings that exceeded analysts' expectations on January 31, 2025. This surge in profitability can be attributed significantly to a notable increase in production levels even as the global oil market grapples with decreased prices. The company's resilient operational strategies and cost management have enabled it to thrive despite the prevailing market challenges.

ExxonMobil Ventures into Low-Carbon Energy Solutions for Data Centers

6 months ago

In a significant shift towards sustainability, ExxonMobil is investigating the potential of low-carbon power sources tailored for data centers. This strategic exploration aligns with the broader trend of energy companies seeking innovative methods to decarbonize their operations amid rising concerns over climate change and environmental sustainability.

Oil Majors Restart Talks with Kazakh State on $5 Billion Kashagan Sulfur Fine

8 months ago

In a move that many have anticipated, big oil companies have restarted negotiations with Kazakhstan over a disputed $5 billion fine levied against them for the flaring of sulfur at the gigantic Kashagan oil field. Such renegotiation will have potential implications for the big players in the oil industry and for environmental laws affecting the region.